increase font size
Read Article
On April 15 testimony was heard before the Taxation Committee in support of L.D. 428, an Act to Prevent Tax Haven Abuse.
This act would hold corporations accountable to pay taxes on all the profits from income generated in Maine. The corporations have used these havens to help them avoid paying their fair share of taxes. That is unfair and needs to be changed.
I owned a small business for 35 years, and every year I paid taxes on the profit my business made. Why is a corporation allowed to hide some of its profits in tax havens? In Maine there is no tax haven that protects citizens or small business owners from paying taxes on the income or the profit they generate.